Collin O’Mara Secretary Delaware Department of Natural Resources and Environmental Control The Building Blocks of Delaware’s Clean Energy Economy University of Delaware February 21st, 2009 Scale of Opportunity • $6T: Size of global energy market greater than internet) • $250B: U.S. Wealth exported to import energy • $120B: Est. annual health costs from energy • 10%: Average operating budget spent on energy • 80-90%: Reduction in GHG emissions by 2050 (6x Scale of Opportunity Building Blocks of our Clean Energy Economy Delaware Sustainable Chemistry Alliance Fundamental Tenets 1. The transition to clean energy is good for economy & will create more jobs and prosperity than are displaced 3. Clean technology is not simply an emerging industry sector, but rather a mechanism to make the entire U.S. economy more competitive 4. The worldwide competition for clean energy jobs will be intense and success will require policy entrepreneurship & strategic partnerships Goals of a Statewide Strategy Statewide Goals: • Enhance State’s Competitiveness (Green Savings) • Spur New Investment & Industries (Green Opportunities) • Provide Range of Career Opportunities (Green Talent) • Improve Environmental Outcomes Creating a Clean Energy Economy Regions can create a market and spur growth by influencing both supply & demand-side levers: Supply Side Innovation & manufacturing of Clean Tech products Employment in Clean Tech & support industries Clean Technology Market-driven innovations that: Utilize renewable energy sources Manage energy resources more efficiently Reduce environmental impacts Demand Side Awareness & adoption of sustainable practices Purchase of Clean Tech products Delaware’s Clean Energy Economy INNOVATION COMMERCIALIZATION MANUFACTURING & SUPPLY CHAIN DEPLOYMENT & OPERATIONS BUILDING & OPERATIONAL EFFICIENCY CLEAN ENERGY ADVANCED TRANSPORTATION SUSTAINABLE PRODUCTS Workforce Development Innovative workforce programs: Classroom & on-the-job training programs Industry involvement in community college curricula Job placement/employee recruitment services Energy job training with Federal, State and private funds Executive Order #18 1. Reduce energy use by 30% 2. Receive 30% of our electrical power from renewable sources 3. Build to LEED Silver Standard 4. Divert 75% of the waste from landfills 5. Reduce gas consumption and vehicle emissions by 25% 6. Procure environmentally responsible products Transforming Challenges into Opportunities Challenge: State Budget Executive Order 18 Energy & maintenance costs Reduce operating expenses ~$35 million per year Reduce energy use & emissions ~125,000 tons of CO2 Increase renewable power Spur Job Creation Catalyze innovation/incubation Support manufacturing/installation jobs Create export opportunities Generate revenues for services Create Market Spur demand for goods/services Provide demonstration opportunities How do we best seize the opportunity? • Drive economic prosperity & wealth creation • Reduce operating expenses • Create well-paying jobs/careers & attract/retain talent • Improve environmental outcomes & quality of life • Demonstrate that economic growth & environmental sustainability are interconnected Delaware’s Clean Energy Economy INNOVATION COMMERCIALIZATION MANUFACTURING & SUPPLY CHAIN DEPLOYMENT & OPERATIONS BUILDING & OPERATIONAL EFFICIENCY CLEAN ENERGY ADVANCED TRANSPORTATION SUSTAINABLE PRODUCTS Building Blocks of our Clean Energy Economy Delaware Sustainable Chemistry Alliance